Last updated: December 17th, 2019 3:48 PM

Form INC-33 - SPICe MOA - Procedure

Memorandum of Association (MOA) is the charter of a company, which defines the ambit of the operations and the business to be carried on by the company after its incorporation. MOA is one of the basic documents in the constitution of the company and it lays down the reasons for which the company was formed. Further, the company does not have any power to do any act with is not authorised expressly or impliedly by the MOA. Hence, MOA is a very important legal document for all companies. Ministry of Corporate Affairs has recently introduced eMOA or SPICe MOA, which make the process for framing the MOA of a company very easy. In this article, we look at eMOA in detail.

Procedure for Preparing eMOA

eMOA can be prepared in both Hindi and English. Care must be taken while preparing eMOA to ensure its as per the Companies Act, 2013.

MOA - Applicable Table

Prior to preparing the eMOA. Based on the type of company to be incorporated, the appropriate Table as per Schedule I of the Companies Act, 2013 must be selected. The following is